Global Scans · India · Weekly Summary

WHAT'S NEXT?: India's ambitions, particularly in technology and economic growth targets promise much from this populous country determined to be a world leader.

• [New] OPEC expects future demand growth to be dominated by India, the Middle East, and Africa. GCC BUSINESS WATCH
• [New] Oman offered India zero-duty access on 98% of its tariff lines as part of the Comprehensive Economic Partnership Agreement (CEPA), which is expected to improve competitiveness for Indian industrial exports. The Indian Express
• [New] The upcoming IPO pipeline shows strong diversity in terms of industry, company size, and fundraising potential, underlining the depth and resilience of India's capital markets. Samco Securities
• [New] The INSTC is a trade route that, when completed, will connect India, Iran, Russia, and Central Asia via road, rail, and sea to reduce transit time and costs between South Asia and Europe. Critical Threats
• [New] CPI inflation in India has remained benign during 2025-26. The Times Of India
• [New] The IMF's medium term growth projection for India is 6.5% over the period 2027-28 to 2030-31. The Times Of India
• [New] While the IEA predicts a massive surplus due to efficiency gains and the rise of electric vehicles, OPEC remains bullish, forecasting demand growth of 1.4 million bpd in 2026, driven largely by industrial expansion in China and India. FinancialContent
• [New] The Indian space ecosystem will remain a work in progress until a company achieves a significant breakout success. forbesindia
• [New] India's share of the global space business pie will increase from 2% in 2022 to 8-10 percent-translating into a value of $44 billion - by 2033. forbesindia
• [New] If all goes to plan, it will become India's first privately built multi-stage orbital vehicle to reach space. forbesindia
• [New] Continued emphasis on strengthening macroeconomic fundamentals and pursuing economic reforms is expected to unlock efficiencies and productivity gains, reinforcing India's growth momentum. The Tribune
• [New] An IndiaAI working group meeting, convened with India's Ministry of Electronics and IT, will focus on operationalizing the IndiaAI Mission, including data infrastructure, skills development, and sector-specific use cases. The AI Policy Newsletter
• [New] By Q4 2025, expect models for 22 Indian languages, benchmarks for education, agriculture, and law, and open-source releases to foster innovation - ensuring AI reflects real-world Indian performance. Medium
• [New] India's tourism sector is poised for major expansion, with annual growth expected to exceed 20%. TV BRICS
• [New] Walmart has pledged to triple its exports from India to $10 billion by 2027. Valley City Times-Record
• [New] The solar project, scheduled for commissioning in 2026, is expected to generate about 4.25 lakh MWh of clean electricity annually, powering over 3.60 lakh Indian households. Guidely
• [New] India's GDP is projected to grow between 6.5 and 7.4% in 2026, reaching approximately $4.1 to $4.6 trillion in nominal terms, driven by strong domestic demand and robust liquidity. FirstPost
• [New] India's technology growth plan focuses on strategic self-reliance (Atmanirbhar Bharat), leveraging Digital Public Infrastructure (UPI and Aadhaar), and major investments in frontier areas such as AI, semiconductors, and advanced manufacturing, aiming for a $35 trillion economy by 2047. FirstPost
• India's Dr Reddy's, plans to launch generics in 87 countries in 2026, and roll them out to Europe and the US in subsequent years as patents expire. Chemistry World

Last updated: 28 December 2025